Banks Are Poised to Profit From Forex Tumult

TODAY: April 2, 2015 PUB DATE: April 2, 2015

By Peter Rudegeair The big currency swings of the past three months have whipsawed many investors. Wall Street may end up loving the action. As U.S. banks closed out the first quarter, analysts and investors said the turbulence in foreign-exchange ...

EU Lays Groundwork for Antitrust Charges Against Google--Update

TODAY: April 2, 2015 PUB DATE: April 2, 2015

By Tom Fairless in Brussels and Alistair Barr in San Francisco Europe's competition regulator is preparing to move against Google Inc. in the next few weeks, a person familiar with the matter said Wednesday, setting the stage for charges against ...

Shengjing Bank to Buy Stake in Huaxin Trust

TODAY: April 2, 2015 PUB DATE: April 2, 2015

Shengjing Bank Co. (2066.HK) agreed to buy a 20% stake in Huaxin Trust Co. from Huaxin Huiton Group Ltd. for 3.17 billion yuan ($512 million). The Chinese bank said in a statement late Wednesday that it plans to fund the ...

BOJ Survey Shows Steady Inflation Expectations

TODAY: April 2, 2015 PUB DATE: April 2, 2015

TOKYO--Japan Inc.'s inflation expectations remained steady in the three months to March, a Bank of Japan survey showed Thursday, an outcome that could reinforce its view that the underlying inflation trend remains in place despite a slide in the consumer ...

RBI's Rajan Expected to Keep Rates Steady

TODAY: April 2, 2015 PUB DATE: April 2, 2015

By Gabriele Parussini MUMBAI--India's central bank head, Raghuram Rajan, will likely leave lending rates unchanged next week, economists said, as he waits to see how recent rate cuts percolate through the country's financial system. As Reserve Bank of India Gov. ...

Diageo to Acquire Full Control of South African Beer Business

TODAY: April 2, 2015 PUB DATE: April 2, 2015

By Tapan Panchal LONDON--U.K. alcoholic beverages company Diageo PLC (DGE.LN) said Thursday that it will acquire full control of a traditional sorghum beer business in South Africa. Diageo, which owns the Smirnoff vodka and Johnnie Walker scotch whisky brands, agreed ...

Oil Futures Ease on Uncertainty Around Iran Nuclear Talks

TODAY: April 2, 2015 PUB DATE: April 2, 2015

By Eric Yep Crude-oil futures eased in Asian trade Thursday after strong overnight gains as uncertainty around U.S.-Iran nuclear talks continued to drive volatility in oil markets. On the New York Mercantile Exchange, light, sweet crude futures for delivery in ...

EU Lays Groundwork for Antitrust Charges Against Google

TODAY: April 2, 2015 PUB DATE: April 2, 2015

BRUSSELS--Europe's competition regulator is laying the groundwork to move against Google Inc. in the next few weeks, a person familiar with the matter said Wednesday, setting the stage for charges against the U.S. search giant in a five-year-old antitrust investigation ...

China Precious Metal to Buy Investment Firm

TODAY: April 2, 2015 PUB DATE: April 2, 2015

HONG KONG--China Precious Metal Resources Holdings Co. (1194.HK) agreed to buy Munsun Assets Management Ltd. for 1.3 billion Hong Kong dollars ($168 million), as it seeks new growth drivers to offset slower growth in its mining business. The Hong Kong-listed ...

EU Lays Groundwork for Antitrust Charges Against Google

TODAY: April 2, 2015 PUB DATE: April 2, 2015

By Tom Fairless And Alistair Barr BRUSSELS--Europe's competition regulator is laying the groundwork to move against Google Inc. in the next few weeks, a person familiar with the matter said Wednesday, setting the stage for charges against the U.S. search ...

Dubai's DP World Inks Deal to Acquire Container Terminal in Canada

TODAY: April 2, 2015 PUB DATE: April 2, 2015

By Asa Fitch DUBAI--Global ports operator DP World (DPW.NDB) has signed a deal valued at about $457 million to operate Canada's Fairview Container Terminal, the Dubai-based company said Thursday, adding to a portfolio of more than 65 terminals worldwide. DP ...

Diageo PLC Acquisition of the remaining 50% interest in UNB

TODAY: April 2, 2015 PUB DATE: April 2, 2015

TIDMDGE RNS Number : 2462J Diageo PLC 02 April 2015 2 April 2015 Diageo to acquire control of United National Breweries Diageo to acquire control of United National Breweries' traditional sorghum beer business in South Africa by acquiring the remaining ...

Asian Shares Rally Despite U.S. Growth Concerns -- Update

TODAY: April 2, 2015 PUB DATE: April 2, 2015

By Chao Deng Stocks across Asia rallied Thursday despite worries about U.S. economic growth, while China shares took a breather having gained 24% since early February. Markets were higher across the region even though U.S. stocks fell Wednesday. "At some ...

Playtech Buys TradeFX

TODAY: April 2, 2015 PUB DATE: April 2, 2015

LONDON-- Online gambling technology group Playtech PLC (PTEC.LN) Thursday announced a move into financial derivatives trading with the acquisition of trading platform provider TradeFX Ltd for 208 million euros ($227.7 million) in cash plus a possible EUR250 million depending on ...

Asian Shares Rally Despite U.S. Growth Concerns

TODAY: April 2, 2015 PUB DATE: April 2, 2015

By Chao Deng Stocks across Asia rallied Thursday despite worries about U.S. economic growth, while China shares took a breather having gained 24% since early February. Markets were higher across the region even though U.S. stocks fell Wednesday. "At some ...

Bradken Rejects Takeover Bid

TODAY: April 2, 2015 PUB DATE: April 2, 2015

SYDNEY--U.S. trading house Koch Industries Inc. has teamed up with private equity firm Pacific Equity Partners to bid 427.6 million Australian dollars (US$313.6 million) for Australian engineering equipment maker Bradken Ltd. (BKN.AU) Bradken responded Thursday by rejecting the offer--which signals ...

Australia Trade Deficit Widens

TODAY: April 2, 2015 PUB DATE: April 2, 2015

By James Glynn SYDNEY--Australia posted a seasonally adjusted trade deficit of A$1.3 billion in February, compared with a deficit of A$1.0 billion in January, the Australian Bureau of Statistics said Thursday. The February trade-deficit figure was in line with what ...

German Bank Challenges ECB Supervision

TODAY: April 2, 2015 PUB DATE: April 2, 2015

FRANKFURT--A small German lender has filed a lawsuit against the European Central Bank in a bid to avoid coming under its supervision, marking the first legal challenge to the ECB's new monitoring role. In November the ECB took over direct ...